Personal Loan to Housing Loan

Personal loan to Housing Loan is a product available to Qataris and Expatriates who are seeking to convert their personal loan facility to home loan facility subject to providing collateral of the real estate property to the liability.


Features & Benefits

  • Available for Qatari and Expatriate
  • Competitive interest rates
  • Flexible monthly repayments
  • Plans for self-employed customers
  • Life guard insurance on reducing balance- Monthly
  • Property insurance on valuation price ( Building value) – Yearly

Eligibility Criteria

Eligibility Criteria Qataris Expats
Maximum Loan Amount – QAR 5,000,000 4,000,000
Maximum Loan Tenure – Years 30 25
Maximum Age at Maturity – Years 75 65
Maximum Finance Amount
(from the forces sales value )
80% 75%
Maximum DSR ( Debt Service Ratio) 75% from ( Basic + Social allowance ) 50% from total gross salary

Documents required for salaried customers

  • Salary certificate/ Salary transfer letter from employer
  • Passport copy ( Expatriates)
  • Copy of title deed and property map
  • Copy of ID
  • Request letter to settle personal loan / other liabilities from the housing loan
  • No objection to pay evaluation fees
  • Security cheques (for expatriates)
  • Signed and completed application form

Documents required for self-employed customers

  • Copy of ID, passport copy for expatriates
  • Audited financial statement for last 2 years
  • Proof of monthly income
  • Copy of commercial registration
  • Copy of title deed and property map
  • No objection to pay evaluation fees
  • 12 months business statement
  • 6 months personal bank statement
  • Request letter to settle personal loan / other liabilities from the housing loan
  • Signed and completed application form
  • Security cheques (for expatriates)

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Interest Calculation (APR):

  • Commencing from the Loan Date, interest shall accrue on the Loan on a daily basis at the relevant Interest Rate and will be capitalized to the Loan Amount at the end of each month.
  • Interest will be calculated as per following formulae. The Daily Balance of the Loan X Total Annual Rate X (1/360)
  • Every payment made after the due date will result in additional interest accrual on loan
  • Where a Grace Period applies or where the Customer is granted a postponement in respect of an installment, interest on the relevant Loan shall continue to accrue and will be capitalized to the Loan Amount at the end of each relevant month.